2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH
56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH
47.5%CURRENT US$
Rnk 39 / 186

About

India-United States Trade: In 2022, India exported $82.9B to United States. The main products that India exported to United States were Diamonds ($9.75B), Packaged Medicaments ($7.54B), and Refined Petroleum ($4.87B). Over the past 5 years the exports of India to United States have increased at an annualized rate of 12.1%, from $46.8B in 2017 to $82.9B in 2022.

In 2022, India did not export any services to United States.

United States-India Trade: In 2022, United States exported $48.5B to India. The main products that United States exported to India were Crude Petroleum ($10.8B), Coal Briquettes ($6.08B), and Diamonds ($5.07B). Over the past 5 years the exports of United States to India have increased at an annualized rate of 14.4%,  from $24.8B in 2017 to $48.5B in 2022.

In 2017, United States exported services to India worth $22.7B, with Travel ($12.2B), Royalties and license fees ($2.29B), and Financial services ($2.09B) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $82.9B to United States. The main products exported from India to United States were Diamonds ($9.75B), Packaged Medicaments ($7.54B), and Refined Petroleum ($4.87B). During the last 5 years the exports of India to United States have increased at an annualized rate of 12.1%, from $46.8B in 2017 to $82.9B in 2022.

In 2017, United States exported $48.5B to India. The main products exported from United States to India were Crude Petroleum ($10.8B), Coal Briquettes ($6.08B), and Diamonds ($5.07B). During the last 5 years the exports of United States to India have increased at an annualized rate of 14.4%, from $24.8B in 2022 to $48.5B in 2017.

Exports from India (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top Destination
United States$82.9B
United States
Top Destination
Canada$308B

This map shows whether countries import more from India or United States. Each country is colored based on the difference in imports they receive from India and United States or the difference in the growth in imports.

In 2022, countries that imported more from India than United States included United Arab Emirates ($31.6B), Bangladesh ($13.8B), and Nepal ($8.66B).

In 2022, countries that imported more from United States than India included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and India (Flag) (2022)

Comparative Advantage India - United States

Flow
Scale

This chart compares trade between India and United States by product, considering products traded by both, India and United States.

During 2022, India had a large net trade with United States in the exports of Precious Metals ($14.7B), Chemical Products ($14.1B), and Machines ($12.3B).

During 2017, United States had a large net trade with India in the exports of Mineral Products ($20.2B), Precious Metals ($7.62B), and Machines ($4.79B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India United States+$3.85BRefined Petroleum
Top Product Potential United States India+$3.59BCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of India and United States. This means that a dot/product with the flag of India indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over India.

Product Space of India (Flag) and United States (Flag) (2022)

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